Nvidia’s (NVDA Stock) strong summer seasonal pattern [Video]
|Nvidia has a strong summer seasonal pattern. It is an American multinational technology company that is based in Santa Clara in California. With all the speculation that the Federal Reserve may have to hike rates more conservatively due to slowing US growth can stocks still continue in line with recent gains?
Nvidia’s summer pattern is noteworthy. From August 09 through to October 31 the Nvidia has gained 8 times and only lost value twice. The average return has been over 9% with the best return pushing above 30%.
Is this time to buy Nvidia stock? Or will coming interest rate hikes weigh too heavily on the US economy and bring stocks down another leg?
Major trade risks: If the US heads into a deep recession then stocks could be in for a tough time despite the strong seasonal pattern.
Learn more about HYCM
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.